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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388125
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1388125
Balsa Wood Market Share, Size, Trends, Industry Analysis Report, By Type (Grain A, Grain B, and Grain C); By Application; By Region; Segment Forecast, 2023 - 2032
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The global balsa wood market size is expected to reach USD 264.73 million by 2032, according to a new study by Polaris market research. The report "Balsa Wood Market Share, Size, Trends, Industry Analysis Report, By Type (Grain A, Grain, B, and Grain C); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for composite materials across various industries including transportation, automotive, construction, wind & energy, and building and surging prevalence among consumers about environment-friendly products, are the leading factors driving the market growth. Additionally, the growing advancements in manufacturing techniques that have enabled the production of balsa wood products with greater precision and efficiency and constantly ongoing research aims to optimize balsa wood utilization in wind turbine design, is likely to generate huge growth potential over the next coming years.
For instance, in March 2021, D-LBFG, announced the launch of its new balsa free flight glider, that includes a 2 x 3 mm standard balsa wood board of 100x1000 mm, a 2 mm standard size balsa wood board of 100 by 550 mm, and a 1 mm balsa wood board 100 by 300 mm.
Increasing emphasis on sustainable construction practices and green building initiatives across the globe and significant emergence of balsa wood due to its renewable and eco-friendly characteristics which makes it suitable choice for the construction applications such as flooring, paneling, insulation, & acoustic solutions, is also among the factors opening new avenues for balsa wood in the construction sector over the years. Balsa wood has found new applications in the renewable energy over the past few years, especially in the turbine blades mainly due to its light-weight nature and strength for manufacturing larger and more efficient blades, thereby influencing the market at exponential pace.
Moreover, innovations in processing and treatment methods have improved the quality and performance of balsa wood and rising incorporation of vacuum drying techniques to accelerate the drying process and reduce the time required while maintaining the wood's integrity, has been pushing the growth of the market forward. Beside this, implementation on advanced treatment methods like chemical impregnation and pressure treatment which improves the durability, water resistance, and fire resistance properties of balsa wood, expanding its range of applications in numerous industries.
Balsa Wood Market Report Highlights
Grain B segment garnered largest share, which is mainly driven by its numerous advantageous properties like exceptional quality & higher durability
Industrial construction expected to grow at steady rate, due to rising number of infrastructure development projects, and rise in activities like scaffolding & formwork
North America region held the largest share, on account of rising investments towards adopting sustainable practices and presence of favorable government regulations
The global key market players include: The PNG Balsa Company, SINOKIKO Balsa Trading Co., Bondi Environmental Material, Pontus Wood Group, The Gill Corporation, and 3A Composites
Polaris market research has segmented the balsa wood market report based on type, application, and region:
Balsa Wood, Type Outlook (Revenue - USD Million, 2023 - 2032)
- Grain A
- Grain B
- Grain C
Balsa Wood, Application Outlook (Revenue - USD Million, 2023 - 2032)
- Aerospace & Defense
- Renewable Energy
- Marine
- Rail & Road
- Industrial Construction
- Others
Balsa Wood, Regional Outlook (Revenue - USD Million, 2023 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3819
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Balsa Wood Market Insights
- 4.1. Balsa Wood Market - Industry Snapshot
- 4.2. Balsa Wood Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Increasing demand of lightweight wood in many application
- 4.2.1.2. Sustainable and Eco-friendly Material
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited Geographic Distribution
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Balsa Wood Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Balsa Wood Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Balsa Wood, by Type, 2019-2032 (USD Million)
- 5.3. Grain A
- 5.3.1. Global Balsa Wood Market, by Grain A, by Region, 2019-2032 (USD Million)
- 5.4. Grain B
- 5.4.1. Global Balsa Wood Market, by Grain B, by Region, 2019-2032 (USD Million)
- 5.5. Grain C
- 5.5.1. Global Balsa Wood Market, by Grain C, by Region, 2019-2032 (USD Million)
6. Global Balsa Wood Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 6.3. Aerospace & Defense
- 6.3.1. Global Balsa Wood Market, by Aerospace & Defense, by Region, 2019-2032 (USD Million)
- 6.4. Renewable Energy
- 6.4.1. Global Balsa Wood Market, by Renewable Energy, by Region, 2019-2032 (USD Million)
- 6.5.Marine
- 6.5.1. Global Balsa Wood Market, by Marine, by Region, 2019-2032 (USD Million)
- 6.6.Rail & Road
- 6.6.1. Global Balsa Wood Market, by Rail & Road, by Region, 2019-2032 (USD Million)
- 6.7. Industrial Construction
- 6.7.1. Global Balsa Wood Market, by Industrial Construction, by Region, 2019-2032 (USD Million)
- 6.8. Others
- 6.8.1. Global Balsa Wood Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Balsa Wood Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Balsa Wood Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Balsa Wood Market - North America
- 7.3.1. North America: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.3.2. North America: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.3.3. Balsa Wood Market - U.S.
- 7.3.3.1. U.S.: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.3.4. Balsa Wood Market - Canada
- 7.3.4.1. Canada: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4. Balsa Wood Market - Europe
- 7.4.1. Europe: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.2. Europe: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.3. Balsa Wood Market - UK
- 7.4.3.1. UK: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.3.2. UK: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.4. Balsa Wood Market - France
- 7.4.4.1. France: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.4.2. France: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.5. Balsa Wood Market - Germany
- 7.4.5.1. Germany: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.6. Balsa Wood Market - Italy
- 7.4.6.1. Italy: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.7. Balsa Wood Market - Spain
- 7.4.7.1. Spain: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.8. Balsa Wood Market - Netherlands
- 7.4.8.1. Netherlands: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.4.9. Balsa Wood Market - Russia
- 7.4.9.1. Russia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5. Balsa Wood Market - Asia Pacific
- 7.5.1. Asia Pacific: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.3. Balsa Wood Market - China
- 7.5.3.1. China: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.3.2. China: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.4. Balsa Wood Market - India
- 7.5.4.1. India: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.4.2. India: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.5. Balsa Wood Market - Malaysia
- 7.5.5.1. Malaysia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.6. Balsa Wood Market - Japan
- 7.5.6.1. Japan: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.7. Balsa Wood Market - Indonesia
- 7.5.7.1. Indonesia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.5.8. Balsa Wood Market - South Korea
- 7.5.8.1. South Korea: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.6. Balsa Wood Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.6.3. Balsa Wood Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.6.4. Balsa Wood Market - UAE
- 7.6.4.1. UAE: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.6.5. Balsa Wood Market - Israel
- 7.6.5.1. Israel: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.6.6. Balsa Wood Market - South Africa
- 7.6.6.1. South Africa: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.7. Balsa Wood Market - Latin America
- 7.7.1. Latin America: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.7.2. Latin America: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.7.3. Balsa Wood Market - Mexico
- 7.7.3.1. Mexico: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.7.4. Balsa Wood Market - Brazil
- 7.7.4.1. Brazil: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- 7.7.5. Balsa Wood Market - Argentina
- 7.7.5.1. Argentina: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Balsa Wood Market, by Type, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. 3A Composites
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. BALTEK Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Bondi Environmental Material
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Carbon-Core Corporation
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. CoreLite
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. DIAB International
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Evonik Industries
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Gill Corporation
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Gurit Holding
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. I-Core Composites
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Nord Compensati
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Pacific Coast Marine
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. PNG Balsa Company
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Pontus Wood Group
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Schweiter Technologies
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. SINOKIKO Balsa Trading
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development
Product Code: PM3819
List of Tables
- Table 1 Global Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 2 Global Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 3 Balsa Wood Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 5 North America: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 6 U.S.: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 7 U.S.: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 8 Canada: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 9 Canada: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 10 Europe: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 11 Europe: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 12 UK: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 13 UK: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 14 France: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 15 France: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 16 Germany: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 17 Germany: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 18 Italy: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 19 Italy: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 20 Spain: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 21 Spain: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 22 Netherlands: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 23 Netherlands: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 24 Russia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 25 Russia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 28 China: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 29 China: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 30 India: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 31 India: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 32 Malaysia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 33 Malaysia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 34 Japan: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 35 Japan: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 36 Indonesia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 37 Indonesia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 38 South Korea: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 39 South Korea: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 44 UAE: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 45 UAE: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 46 Israel: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 47 Israel: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 48 South Africa: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 49 South Africa: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 50 Latin America: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 51 Latin America: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 52 Mexico: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 53 Mexico: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 54 Brazil: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 55 Brazil: Balsa Wood Market, by Type, 2019-2032 (USD Million)
- Table 56 Argentina: Balsa Wood Market, by Application, 2019-2032 (USD Million)
- Table 57 Argentina: Balsa Wood Market, by Type, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Balsa Wood Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Balsa Wood Market, by Application, 2022 & 2032 (USD Million)
- Figure 8 Market by Type
- Figure 9 Global Balsa Wood Market, by Type, 2022 & 2032 (USD Million)
- Figure 10 Balsa Wood Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Balsa Wood Market
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